It’s Only Common Sense: Making 2025 the Best Sales Year Ever
Dan’s Biz Bookshelf: ‘Citizen Marketers: When People Are the Message’
The Right Approach: ‘Twas the Night Before Christmas (Harley-style)
Flex Completes Acquisition of Crown Technical Systems
December 4, 2024 | PR NewswireEstimated reading time: Less than a minute
Flex recently announced that it has completed its previously announced $325 million all-cash acquisition of Crown Technical Systems, a leader in fully integrated power distribution and protection systems.
The acquisition further increases Flex exposure to fast-growing, margin accretive end-markets, including modular data center adoption and medium voltage power distribution, and extends the company's power portfolio into the utility power market. Additionally, the deal strengthens Flex's critical power portfolio and supports further growth in the U.S. data center market.
"We are pleased to welcome the Crown Technical Systems team officially to Flex," said Revathi Advaithi, CEO, Flex. "This transaction strategically strengthens our unique EMS + Products + Services data center and power portfolio and expands our presence in high growth markets to help drive long-term value for our customers and shareholders."
Crown Technical Systems is expected to generate revenue of approximately $120 million and high-teens EBITDA margin in fiscal 2025, which ends on March 31, 2025. For reporting purposes, Crown Technical Systems will be included in the Industrial Business unit inside Flex's Reliability Solutions segment.
Share on:
Suggested Items
TiVo OS Will Be Launching in the U.S. Market With Sharp
01/06/2025 | BUSINESS WIRETiVo, a wholly-owned subsidiary of entertainment technology company Xperi Inc., announced that it will be entering the U.S. television market with Sharp Home Electronics Company of America, marking a key milestone of the continued expansion of smart TVs Powered by TiVo™.
HaiLa Technologies Releases Extreme Low-Power Development Platform for Wi-Fi Communications
01/06/2025 | BUSINESS WIREHaiLa Technologies, a supplier of advanced low power wireless semiconductor solutions, introduced a new development platform to better support developers and researchers in creating extremely low power connected solutions.
Curtiss-Wright Completes Acquisition of Ultra Energy
01/03/2025 | BUSINESS WIRECurtiss-Wright Corporation announced that it has completed the acquisition of Ultra Nuclear Limited and Weed Instrument Co., Inc. (“Ultra Energy”) for $200 million in cash.
TRI to Host Test and Inspection Technology Seminars
01/02/2025 | TRITest Research, Inc. (TRI) is proud to announce the 2025 Technology Seminars, which will feature Innovative Inspection Solutions, SPI, AOI, AXI, and ICT solutions at a series of technology seminars and product demos held in Taiwan, Shenzhen, and Suzhou.
Littelfuse Completes Acquisition of the 200mm Wafer Fab Located in Dortmund, Germany
01/01/2025 | BUSINESS WIRELittelfuse, Inc., a diversified industrial technology manufacturing company empowering a sustainable, connected, and safer world, announced it completed the acquisition of the 200mm wafer fab located in Dortmund, Germany from Elmos Semiconductor SE.